Techno-economic assessment of fixed solar panels and sun-tracking technology in solar farms in the districts of Tehran and Qazvin in Iran
Corresponding Author(s) : MJ Mohamadkhani
Future Energy,
Vol. 2 No. 3 (2023): August 2023 Issue
Abstract
Energy is regarded as one of the most pressing issues confronting the world, particularly in Iran. However, Iran depends mostly on fossil fuels, alternative energy sources are gradually being replaced to cover its energy needs. The efficiency and performance of two types of solar panel systems, fixed and sun-tracking, were evaluated in this study in two different regions: Tehran and Qazvin. According to this investigation, the Qazvin solar farm generates 16,763 MWh with fixed panels and 18,017 MWh when sun-tracking technology is used. Tehran solar farm yields 15,380 MWh with fixed panels and 16,528 MWh when sun-tracking technology is used. The sun-tracking technology increases solar power generation by 7.5 percent. However, due to the high irradiation in Iran, fixed PV systems operate well enough and appear to be considerably more cost-effective than sun-tracking systems. Financial analysis was conducted, taking into account all expenditures, losses, profits, Return On Investment (ROI), payback timeframes, Internal Rate of Return (IRR), and Net Present Value (NPV). Net Present Value (NPV) at the discount rate of 12% of Tehran solar farm is calculated 724,771.4 USD, and for Qazvin’s one is calculated 810,471.4 USD. In addition, the normal payback time for Tehran and Qazvin are 7.35 and 6.78 years, respectively. The analysis sensitivity has been done based on three main features, sales revenue, costs of assets, and operating cost, which massively affect the project for instance, considering Tehran’s solar far, when the costs of assets increase by 12%, the IRR will drop by 1.71%. On the other hand, when the costs of assets decrease by 12% the IRR will increase by 2.13%.
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- Hoornweg, Daniel, and Kevin Pope. "Population predictions for the world’s largest cities in the 21st century." Environment and Urbanization 29.1 (2017): 195-216.
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- Khalil, Hafiz Bilal, and Syed Jawad Hussain Zaidi. "Energy crisis and potential of solar energy in Pakistan." Renewable and Sustainable Energy Reviews 31 (2014): 194-201.
- ] Fattahi, Mohammad, Kannan Govindan, and Mehdi Farhadkhani. "Sustainable supply chain planning for biomass-based power generation with environmental risk and supply uncertainty considerations: a real-life case study." International Journal of Production Research 59.10 (2021): 3084-3108.
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References
Hoornweg, Daniel, and Kevin Pope. "Population predictions for the world’s largest cities in the 21st century." Environment and Urbanization 29.1 (2017): 195-216.
Minelli, Annalisa, et al. "An open source GIS tool to quantify the visual impact of wind turbines and photovoltaic panels." Environmental Impact Assessment Review 49 (2014): 70-78.
Khalil, Hafiz Bilal, and Syed Jawad Hussain Zaidi. "Energy crisis and potential of solar energy in Pakistan." Renewable and Sustainable Energy Reviews 31 (2014): 194-201.
] Fattahi, Mohammad, Kannan Govindan, and Mehdi Farhadkhani. "Sustainable supply chain planning for biomass-based power generation with environmental risk and supply uncertainty considerations: a real-life case study." International Journal of Production Research 59.10 (2021): 3084-3108.
Govindan, Kannan, K. Madan Shankar, and Devika Kannan. "Achieving sustainable development goals through identifying and analyzing barriers to industrial sharing economy: A framework development." International Journal of Production Economics 227 (2020): 107575.
IEA, 2019. World energy investment 2019. Paris. from. https://www.iea.org/reports/world-energy-investment-2019.
Tayo Ajadi, Rohan Boyle, David Strahan, Matthias Kimmel, Bryony Collins, Albert Cheung, Lisa Becker. 2019. Global Trends in Renewable Energy Investment 2019, http://www.fs-unep-centre.org.
SATBA, 2016. Related documents for power purchase. fromhttp://www.satba.gov.ir/en/investmentsubscribers/relateddocumentsforpowerpurchase.
Croucher, Matt. "Capacity factors and solar job creation." Energy policy 39.11 (2011): 6914-6915.
Wang, Meng, et al. "Comparison of different simplistic prediction models for forecasting PV power output: Assessment with experimental measurements." Energy 224 (2021): 120162.
Dörenkämper, Maarten, et al. "The cooling effect of floating PV in two different climate zones: A comparison of field test data from the Netherlands and Singapore." Solar Energy 219 (2021): 15-23.
Gholami, Aslan, Ahmad Saboonchi, and Ali Akbar Alemrajabi. "Experimental study of factors affecting dust accumulation and their effects on the transmission coefficient of glass for solar applications." Renewable energy 112 (2017): 466-473.
Bi, X., Liang, S., Li, X., 2013. A novel in situ method for sampling urban soil dust: particle size distribution, trace metal concentrations, and stable lead isotopes. Environ. Pollut. 177, 48–57.
S. Yilmaz, F. Dincer, Optimal design of hybrid PV-Diesel-Battery systems for isolated lands: a case study for Kilis, Turkey, Renew. Sustain. Energy Rev. (2017), https://doi.org/10.1016/j.rser.2017.04.037.
Eliasson B. The road to renewables opportunities and challenges. InWorld Renewable Energy Congress VI 2000 Jan 1 (pp. 64-68). Pergamon.
Murdock, Hannah E., et al. "Renewables 2021-Global status report." (2021).
Shahsavari, Amir, F. T. Yazdi, and H. T. Yazdi. "Potential of solar energy in Iran for carbon dioxide mitigation." International Journal of Environmental Science and Technology 16.1 (2019): 507-524.
https://globalsolaratlas.info/ Accessed 20 October 2022.
Clavero, César. "Plasmon-induced hot-electron generation at nanoparticle/metal-oxide interfaces for photovoltaic and photocatalytic devices." Nature Photonics 8.2 (2014): 95-103.
Fthenakis, Vasilis M., and Hyung Chul Kim. "Photovoltaics: Life-cycle analyses." Solar Energy 85.8 (2011): 1609-1628.
Yilmaz, Saban, et al. "The analysis of different PV power systems for the determination of optimal PV panels and system installation—A case study in Kahramanmaras, Turkey." Renewable and sustainable energy reviews 52 (2015): 1015-1024.
Bruton, T. M. "General trends about photovoltaics based on crystalline silicon." Solar Energy Materials and Solar Cells 72.1-4 (2002): 3-10.
Fthenakis, Vasilis M., and Hyung Chul Kim. "Photovoltaics: Life-cycle analyses." Solar Energy 85.8 (2011): 1609-1628.
Goetzberger, Adolf, and Christopher Hebling. "Photovoltaic materials, past, present, future." Solar energy materials and solar cells 62.1-2 (2000): 1-19.
Dimmler, Bernhard. "CIGS and CdTe based thin film PV modules, an industrial r/evolution." 2012 38th IEEE Photovoltaic Specialists Conference. IEEE, 2012.
Balfour, John R., and Michael Shaw. Introduction to photovoltaic system design. Jones & Bartlett Publishers, 2011.
Xiao, Weidong. Photovoltaic power system: modeling, design, and control. John Wiley & Sons, 2017.
Cheng, Hang, Wu-shun Cao, and Peng-jiang Ge. "Forecasting research of long-term solar irradiance and output power for photovoltaic generation system." 2012 Fourth International Conference on Computational and Information Sciences. IEEE, 2012.
J.R. Balfour, M. Shaw, N.B. Nash, Introduction to Photovoltaic System Design, Jones & Bartlett Learning, 2011.
E. Papadopoulou, Photovoltaic Industrial Systems: An Environmental Approach, Springer, Berlin Heidelberg, 2011. https://books.google.com. tr/books?id=pMg5EmzwXCMC.
https://www.renewables.ninja/ Accessed 20 October 2022
https://www.pvsyst.com/ Accessed 20 October 2022
Official website of Iran Ministry of Energy https://moe.gov.ir/Special-Pages/ Accessed 20 October 2022
Official website of Energy News Agency in Iran https://barghnews.com/fa/tags/33784/1 Accessed 20 October 2022
Official website of Central Bank of Iran. https://www.cbi.ir/default_en. aspx. Accessed 27 August 2022.
Official website of Energy News Agency in Iran https://barghnews.com/fa/news/45946 Accessed 20 October 2022
Phillips, P. P., & Phillips, J. J. (2006). Return on investment (ROI) basics. American Society for Training and Development.
Coker, A. Kayode. "Cost estimation and economic evaluation." Ludwig's applied process design for chemical and petrochemical plants 1 (2007): 69-102.